Deltafx Review – Why To Avoid The Broker DeltaFX.com At All Costs
With a presence dating back to 2009, DeltaFX has established itself as a longstanding broker in the market. However, this alone does not guarantee the company’s legitimacy.
Our honest DeltaFX review aims to uncover any potential issues you may encounter as a client. One major concern is DeltaFX’s lack of proper regulation.
|Broker status:||Unregulated Broker|
|Regulated by:||The Financial Commission|
|Blacklisted as a Scam by:||N/A|
|Owned by:||DeltaFX LTD|
|Cryptocurrencies:||Yes – BTC, ETH|
|Types of Assets:||Cryptocurrencies, Forex, Stocks, Commodities, Indices|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
DeltaFX Is Not a Reputable Broker?
Protecting your hard-earned money is crucial as an investor, and choosing a regulated broker is paramount. However, the case of DeltaFX raises questions about the legitimacy of some brokers on the market. Despite being based in Switzerland, DeltaFX claims to be regulated in Saint Vincent and the Grenadines, which has weaker regulatory oversight compared to other authorities.
This begs the question of whether DeltaFX is truly regulated after all. Our investigation into DeltaFX’s regulatory status uncovered discrepancies and raised concerns about the company’s reliability. As a result, we urge caution when considering DeltaFX as a potential broker.
Note: We have dug into DeltaFX’s regulatory compliance and scoured multiple reputable databases, including the FCA, ASIC, and BaFin, in search of their registration. However, our search yielded no results, indicating that DeltaFX is not regulated by any of these authorities.
DeltaFX is a shady forex and CFD broker that primarily focuses on the forex market and shares. It offers a demo account and a leverage of up to 1:1000.
Trading Platform and Other Apps on DeltaFX
DeltaFX is a forex broker that currently offers only the popular MT4 trading platform to its clients. However, they have recently announced their plans to introduce the new MT5 platform soon. As MT4 is a favorite among traders, we are pleased to see that DeltaFX has made an effort to provide the finest for its clients by offering this platform.
With fast trade execution, a wide range of trading charts and indicators, and various professional trading tools, MetaTrader is a top choice among traders. Its user-friendly interface and customizable options make it suitable for both novice and experienced traders alike.
Furthermore, the MT4 platform offered by DeltaFX is regularly updated to ensure optimal performance and security. The platform’s stability and reliability are crucial for traders. However, keep in mind that this broker has suspicious reviews behind it.
DeltaFX’s Trading Assets and Instruments
At this firm, you can trade a variety of assets, including. Let’s look at them!
- A whopping 307 currency pairs
- 4 metals and 2 energies
- 8 crypto assets
- 22 global indices
- US, UK, and EU shares
Clearly, this broker’s main focus is on the Forex market and shares, as other assets are barely present. However, there is still a wide range of options available for traders to choose from. However, this broker’s highest leverage is 1:1000, which can be extremely risky for traders, especially those new to the market.
While high leverage can potentially lead to large profits, it also increases the risk of losing money. It’s crucial to understand the risks involved before trading with high leverage.
DeltaFX Broker’s Active Locations
DeltaFX is a company that is owned and operated by DeltaFX Ltd, a company based in Geneva, Switzerland. The majority of victims come from:
It’s a question when regulators of any of them will issue a warning against the firm.
DeltaFX List of Account Types
DeltaFX has 3 different accounts you can choose from. They are as follows:
They each have different amounts of money, leverage, and spread. If you want to start with a small amount of money, Nano only needs a deposit of $1. However, if you’re looking to be a VIP, you’ll need to deposit at least $20,000. There’s also a special version of each account that doesn’t have any interest charges, called the Islamic swap-free version.
Can a Trader Use a Demo Account?
DeltaFX offers a demo account to its clients for market practice, but there’s a catch. You have to deposit $1 to access this account, so it’s not exactly free.
This initial deposit may seem like a small amount, but it’s worth noting that some other brokers offer free demo accounts without any deposit requirements. As with any broker, it’s important to weigh the pros and cons before making any decisions.
About DeltaFX Terms and Conditions
DeltaFX doesn’t have a list of countries where they don’t offer their services. While their terms and conditions don’t specify which countries are off-limits, some reviews suggest that DeltaFX isn’t available in Canada or the USA.
This could be because those countries have strict regulations that make it difficult for questionable brokers to operate. As with any broker, it’s always a wise idea to do your research before investing.
Leverage, Spreads, and Fees
DeltaFX seems to primarily focus on the Forex market and shares, with a limited selection of other assets. If you decide to trade with them, keep in mind that the maximum leverage offered is 1:1000.
This is a high-risk strategy, especially for beginners who may not have experience in the market. It’s important to consider the risks and benefits of using such high leverage before making any decisions.
Scammed by a DeltaFX Broker? – We Want To Hear Your Story.
If you’ve been scammed by DeltaFX or any other fake broker, don’t let them get away with it. Speak up and report the incident to us or the relevant authorities to help protect others from falling victim.
Filing a dispute and requesting a refund can be a long process. However, it’s important to take action as soon as possible. By standing up to fraudulent brokers, you’re helping yourself and protecting others in the future.
What Is the Chargeback Procedure?
Regaining your money after being scammed can be a complicated process. However, you don’t have to do it alone. Our team of chargeback specialists is available for a free consultation to help you understand your options and guide you through the process.
They have years of experience in dealing with fake brokers like DeltaFX and can help you maximize your chances of success. Don’t hesitate to reach out for help if you need it.
What Is DeltaFX?
DeltaFX is a forex and CFD broker that primarily focuses on the forex market and shares with limited other assets.
Is DeltaFX a Scam Broker?
There have been some reviews and reports of DeltaFX being a scam broker, but it’s always best to do your research before investing.
Is DeltaFX Available in the United States or the UK?
DeltaFX is available in the United States and in the UK. It’s important to check your local laws and regulations.
Does DeltaFX Offer a Demo Account?
Yes, DeltaFX offers a demo account for market practice, but there’s an initial deposit requirement of $1 to access the account.